Velvet might just be our new Winter wardrobe BFF. Its plush texture, cozy feel, and luxe look make it the perfect "something extra" in our chilly weather fashion endeavors. From jewel-toned loafers at Jenni Kayne to statement patterned pants at Proenza Schouler, velvet was no stranger on the Fall 2011 runways. Additionally, Olivier Theyskens incorporated the textile into his capsule collection for Theory, Marc Jacobs designed gorgeous black velvet capes, and Alice Temperley debuted a bevy of sophisticated floor-length evening gowns. It's safe to say — our latest fabric obsession is both validated and totally on point. Not sure how to include the trend du jour into your own style MO? Keep these tips in mind:

The lightweight fabric can add a dynamic twist to your standard getup. No need to wear in moderation — velvet can texturize a bold printed dress or cinch a look together with ease. If you're new to the trend, try it out subtly via pumps, a sash, a collar detail, or a clutch.

To give the plush material more shape and structure, pair a velvet blouse with more tailored pieces, like trousers or a tweed blazer.

Look for burnout patterns, crushed styles, embellishments, and jewel tones for maximum effect. Loafers, capes, and long overcoats are three simple ways to make a huge velvet statement.

Now, click through for our picks for perfecting the velvety look — all under $150.